Birdwatch Note Rating
2024-04-09 03:40:48 UTC - NOT_HELPFUL
Rated by Participant: A6C3FF4A66E9B136C9D3948BAF9A6BACAB8532A9F2FDC736C16CE0E22FF6AAB9
Participant Details
Original Note:
PPP loans were forgivable only if at least 60% of the money was used on payroll and 40% on eligible expenses (e.g., rent, utilities, etc.) AND all employees were kept despite gov enforced closures. This was essentially a way of avoiding mass layoffs during COVID. https://www.bench.co/blog/operations/ppp-loan-forgiveness
All Note Details